Fortinet, Inc. (FTNT) Financial Statements
Historical financial data — 42 statements covering FY2016–FY2025
Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its re...
Fortinet, Inc.'s revenue increased 14.2% year over year, from $5.96B to $6.80B.
Net income increased 6.2% over the same period, from $1.75B to $1.85B.
Over the 9-year period from FY2016 to FY2025, revenue grew by 433% in total.
Total debt decreased by 50.1% to $496.6M.
The debt-to-equity ratio stands at 0.40, indicating a moderate leverage profile.
Operating cash flow grew 14.7% to $2.59B.
Fortinet, Inc. maintains a strong net profit margin of 27.3%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $1.51B+5.1% | $539.9M | $1.24B | $470.9M | $608.1M | $8.85B | $993.8M | $908.1M |
| Q4 FY2024 | $1.66B+10.1% | $526.2M | $1.35B | $574.1M | $477.6M | $9.76B | $994.3M | $1.49B |
| Q1 FY2025 | $1.54B-7.3% | $433.4M | $1.25B | $453.8M | $863.3M | $10.41B | $496.2M | $1.96B |
| Q2 FY2025 | $1.63B+5.9% | $440.1M | $1.32B | $458.0M | $451.9M | $10.64B | $496.3M | $2.06B |
| Q3 FY2025 | $1.72B+5.8% | $473.9M | $1.39B | $547.3M | $655.2M | $9.36B | $496.5M | $735.1M |
| Q4 FY2025 | $1.91B+10.4% | $506.0M | $1.52B | $625.6M | $620.2M | $10.39B | $496.6M | $1.24B |
| Q1 FY2026 | $1.85B-2.9% | $534.5M | $1.49B | $580.0M | $1.08B | $9.88B | $567.2M | $989.7M |
| Q2 FY2026 | $2.05B+10.7% | $606.3M | $1.64B | $689.3M | $1.04B | $10.86B | $561.4M | $1.55B |
Balance Sheet Summary (Q2 FY2026)
Fortinet, Inc. (FTNT) Financial Statements & Revenue History
Fortinet, Inc. (FTNT) is a US-listed stock operating in the Technology sector, specifically the Computer Peripheral Equipment, Nec industry trading at $168.08 with a market capitalization of $123. This page provides 42 historical financial statements for Fortinet, Inc., including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Fortinet, Inc. reported revenue of $6.8 billion, representing 14.2% year-over-year growth. The net profit margin of 27.3% reflects strong profitability. The debt-to-equity ratio of 0.40 shows conservative leverage.
FTNT Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Fortinet, Inc.'s revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether FTNT is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track FTNT's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Fortinet, Inc. converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of FTNT's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use FTNT Financial Data
Investors use Fortinet, Inc.'s financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare FTNT's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how FTNT's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View FTNT's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Fortinet, Inc.'s SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.FTNT trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.